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2025-12-17 18:16:37
[South Korea Launches Large-Scale Corn Purchase; Premium Transaction Highlights Supply Competition] ⑴ South Korea's major feed group (MFG) launched an international tender for corn on Wednesday, initially purchasing approximately 136,000 tons, with a total tender volume potentially reaching 210,000 tons, and further purchases are possible. ⑵ The initial purchase involves two shipments of 68,000 tons each, with an estimated landed price (cost plus freight) of US$253.33 per ton, plus an additional US$1.50 per ton surcharge for port unloading. ⑶ The sellers for these two shipments are believed to be trading companies CHS and Olam, with shipments scheduled to arrive in South Korea in April 2026. ⑷ This purchase is not only large in scale, but the transaction price also includes additional port handling surcharges, reflecting a competitive premium for securing grain supplies in the international market. ⑸ As a major feed importer, South Korea's proactive actions may indicate that demand for grain supplies in Asia remains robust; the market is watching its subsequent purchasing pace and price impact.
